This Rally May Be Living on Borrowed Time
Several sentiment indicators we follow tell me that this rally may be living on borrowed time.
Several sentiment indicators we follow tell me that this rally may be living on borrowed time.
Stay alert for a possible downside reversal at any time.
The stock market profit engine may be running out of gas.
What to watch to understand U.S. jobs numbers…
Stocks and bonds have a symbiotic relationship. And right now, stocks are overvalued compared to bonds.
Last week, the 30-year US Treasury bond yield rose above 5% for the first time in 18 years.
Savvy investors are moving back into unloved energy stocks.
Stocks are as overbought now as they were oversold in early April.
Treasury bonds tend to perform well during the summer months when stocks typically lag.
Markets are heading up.